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WOM Wars! Yield Boosters Battle for Supremacy on Wombat Exchange
November 2, 2022
MINS
Three yield-boosting protocols are battling for control of Wombat Exchange governance token veWOM. Who do you have your money on: Magpie, Quoll or Wombex?
Protocols Seek Control of veWOM
Let the WOM Wars begin! Two months after Wombat Exchange launched on BNB Chain, three yield-boosting protocols have emerged to fight for controlling shares of the governance token veWOM.
Who will emerge victorious: Magpie Finance, Quoll Finance or Wombex Finance?
By securing the most veWOM, the protocols can use their voting power to ensure that their liquidity pools offer the highest $WOM rewards on Wombat Exchange.
Wombat Exchange welcomed the competition, while recently celebrating the fact that 30 million WOM tokens have been locked up, more than half of the circulating supply.
We've just reached 30M $WOM locked! Woohoo!🎉
— Wombat Exchange (@WombatExchange) November 2, 2022
That takes up 56% of our circulating supply! 🔥
Keep it going @WombexFinance @QuollFinance @magpiexyz_io!
Together, we grow and strengthen the Wombat ecosystem! #WOMWars 🚀 pic.twitter.com/zAD2PUsE9n
On Nov. 4, Wombat Exchange plans to launch a mWOM pool with Magpie, where users can earn MGP tokens as rewards.
#WOMWars is getting even more heated and exciting updates await!
— Wombat Exchange (@WombatExchange) November 2, 2022
We're launching the mWOM pool with @magpiexyz_io on 4 Nov 6AM UTC. Here, you can provide liquidity in $mWOM and $WOM, and earn $MGP as rewards!
More details in this thread 🧵 pic.twitter.com/FJ2tK61GOR
But some lucky Wombat Exchange users don’t need to wait for pool rewards, as Magpie is hosting a $MGP airdrop for users who provided LP in Magpie, hold WOM, hold veWOM, etc.
Check the tweets below for a list of winners:
GM #MagpieArmy 🌞
— Wombat Exchange (@WombatExchange) November 2, 2022
Start your day off bright by checking the $MGP airdrop list! 🪂 🎁
Congrats to all winners and don't forget to follow @magpiexyz_io to keep up with the hottest news!#WOMWars https://t.co/BFJrp4uKl3
The newest combatant, Quoll, just ended its IDO. The protocol’s mainnet launch is set for Nov. 3.
IDO is over, Thanks to @impossiblefi and people who have invested in $QUO.
— Quoll Finance (@QuollFinance) November 2, 2022
We won't let you down!🚀 QUOLL WARRIORS FIGHT🔥
The Mainnet will live tomorrow😁😆
1 Day Count
Drop your ♥️ and RT
Let's Maximize the $WOM @WombatExchange pic.twitter.com/u7Lap8saFP
Not to be outdone, Wombex is prepared for what it expects to be an epic struggle.
In future you are going to say about @WombatExchange #WOMWars on @BNBCHAIN #BSC
— Wombex (@WombexFinance) November 2, 2022
Remember,… pic.twitter.com/wfYa91uRW8
To keep up with the relative voting power among Magpie, Quoll and Wombex, Twitter user @coinbender_lfg has built a Dune dashboard showing the share of veWOM controlled by an entity, as well as other metrics.
For what it’s worth, at the time of publication, Wombex held 45%, Magpie 27% and “others” 28%.
Shortly after its launch on Sept. 5, the Total Value Locked (TVL) on Wombat Exchange soared to a high of $217 million. Afterward, the TVL dipped, leveled off, and began to rise again after the DEX unveiled new features and products. The protocol’s current TVL is $185 million, putting it at sixth place among Decentralized Finance (DeFi) protocols on BNB Chain, according to DefiLlama.
In terms of TVL, Wombat Exchange is the third-ranked Decentralized Exchange (DEX), after PancakeSwap and BiSwap.
What Is Wombat Exchange:
Wombat Exchange is a multi-chain stableswap focused on fueling DeFi growth and promoting its product’s scalability, accessibility, and efficiency in the multi-chain space. The protocol allows users to swap stablecoins at minimal slippage and stake at maximum yield.
For more information about Wombat Exchange, visit the following media links:
Website | Twitter | Discord | Medium | Telegram
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Ether Futures ETFs Hit the Market: ProShares, VanEck, and More Offer Options
October 2, 2023
This marks the first-ever ETFs based on ether futures, following the introduction of the first bitcoin futures ETF two years ago.
Summary
- A range of exchange-traded funds (ETFs) targeting the performance of ether futures have been launched.
- These offerings mark the first-ever ETFs based on ether futures, coming almost two years after the introduction of the first bitcoin futures ETF.
In a significant development for the crypto industry, a range of exchange-traded funds (ETFs) targeting the performance of ether futures have been launched. These offerings mark the first-ever ETFs based on ether futures, coming almost two years after the introduction of the first bitcoin futures ETF.
Renowned for launching the first U.S. bitcoin futures ETF, ProShares leads the charge with the launch of the ProShares Ether Strategy ETF, along with two additional offerings that provide a blend of exposure to both bitcoin and ether. ProShares’ CEO, Michael L. Sapir, expressed optimism about the appeal of these crypto-linked ETFs to investors, stating, "We think that many investors who are interested in cryptocurrencies but are concerned about custody risks, or who are challenged by the learning curve and complexities required to buy them directly, will be attracted to our crypto-linked ETFs."
Bitwise also joined the fray with two ether futures ETFs: the Bitwise Ethereum Strategy ETF and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF.
VanEck, a prominent asset manager, has also entered the arena with the VanEck Ethereum Strategy ETF. This ETF is designed to target capital appreciation by investing in ether futures contracts, providing investors with an alternative path to participate in the robust futures market centered around Ethereum.
Additionally, the VanEck Ethereum Strategy ETF has also entered the market, “designed to seek capital appreciation” through ether futures contracts. As highlighted by Kyle DaCruz, Director of Digital Asset Product at VanEck, these offerings provide a means for investors to tap into the robust futures market surrounding Ethereum.
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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